Icahn's latest lament: Et tu, Legg Mason? — This wasn't the sort of reaction Carl Icahn was expecting from his former buddies on Wall Street. — Legg Mason Capital Management, which controls about 4.4 percent of outstanding Yahoo stock, plans to back management at the company's shareholders meeting next month.

On-Demand Computing: A Brutal Slog — The tough reality of the on-demand game is taking its toll on software companies hoping to make a mint distributing their wares via the Web — The Internet revolutionized the distribution of software—perhaps a bit too much.

The cloud's not-so-silver lining — At Business Week, Sarah Lacy has a good article on the daunting challenges that software-as-a-service companies face as they try to build vibrant, profitable businesses. Some traditional software powerhouses, like SAP, are spending a lot to develop web versions …

Wikipedia Tries Approval System to Reduce Vandalism on Pages — Wikipedia is considering a basic change to its editing philosophy to cut down on vandalism. In the process, the online encyclopedia anyone can edit would add a layer of hierarchy and eliminate some of the spontaneity that has made the site …

Why Silicon Valley Should Be Worried — We have short memories in Silicon Valley, which is both a blessing and a curse. We forget the bad times as quickly as we forget the good times. — At the turn of the century, everything went to hell with the dot-com bust.

Nintendo Wii Surpasses Microsoft's Xbox 360 in Sales — Nintendo Co. said U.S. retailers sold more than 666,000 of its Wii consoles last month, making the machine the overall leader among the new generation of video-game machines. — Consumers have purchased almost 10.9 million …

Venture Capital Loves Virtual — An army of startups developing tools to enhance our virtual lives attracted $345 million in venture investment in the first half of the year — Startups selling virtual goods and offering virtual experiences are raking in the venture capital these days.

Brits won't get PS3 movie, TV downloads until 2009 — If you're a European resident itching to download video content through the PlayStation Network, then Sony's not your PAL - literally. — The President of Sony Computer Entertainment Europe, David Reeves, has confirmed that the PS3 video store …